Zebra Technologies (NASDAQ:ZBRA) Now Covered by Analysts at Vertical Research

Vertical Research initiated coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $375.00 target price on the industrial products company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective for the company. Needham & Company LLC boosted their price objective on Zebra Technologies from $352.00 to $370.00 and gave the company a buy rating in a research report on Thursday, May 16th. TD Cowen increased their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Finally, Truist Financial restated a hold rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $327.67.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $324.41 on Tuesday. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 64.37 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The firm’s 50-day moving average is $314.10 and its 200 day moving average is $291.68. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.59 earnings per share. Sell-side analysts anticipate that Zebra Technologies will post 10.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. SG Americas Securities LLC raised its holdings in Zebra Technologies by 34.6% during the 4th quarter. SG Americas Securities LLC now owns 7,447 shares of the industrial products company’s stock valued at $2,035,000 after buying an additional 1,914 shares during the period. HB Wealth Management LLC bought a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $270,000. Raymond James & Associates raised its holdings in shares of Zebra Technologies by 2.0% in the fourth quarter. Raymond James & Associates now owns 171,023 shares of the industrial products company’s stock worth $46,746,000 after buying an additional 3,304 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Zebra Technologies by 487.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock valued at $17,548,000 after acquiring an additional 53,265 shares during the period. Finally, MJP Associates Inc. ADV increased its stake in Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.